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2008 SESSION

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SB 24 Payday lending charges; establishing maximum annual interest rate.

Introduced by: W. Roscoe Reynolds | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Payday lending charges.  Establishes a maximum annual interest rate for payday loans of 36 percent.  References in the Payday Loan Act to the fee that may be charged on such loans are revised to refer to the interest that may be charged.


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